The Business Builders Newsletter

Dear reader,

BLOG

How Small Business Owners Can Manage Foreign Exchange Risks

The fluctuating fortunes of the Naira against the world’s major currencies has become a critical challenge to the Small Business Owner in Nigeria.

The owners and managers of every small business must now find ways of coping with the need to protect their businesses against losses on sales or purchases in foreign currencies, and loss of sales and market standing in both domestic and foreign markets.

Amidst the uncertainties that surround these transactions, and the attendant search for solutions, salient questions arise.

Are there ways for a Small Business Owner to contain or minimise foreign exchange risks? Can a Small Business Owner convert foreign exchange risks into known, predictable and controlled costs of doing business?

GROWTH FINANCING

Africa’s Business Heroes Competition 2024

Africa’s Business Heroes (ABH) identifies, supports, and inspires the next generation of African entrepreneurs. It’s open to all African nations, businesses and sectors. Entrepreneurs with formal registration and at least 3 years of track record can apply.

Every year, ten finalists compete in the ABH grand finale pitch competition for a share of US $1.5 million in grant money.

Finalists receive extensive exposure through video narratives about their stories and journeys, and join an exclusive community of entrepreneurs, investors, and mentors.

GROWTH STRATEGY

How To Successfully Scale Your One-Man Business

The good thing about starting small is that you can scale it as you go, but many business owners who started small are having difficulty scaling their one-man business.

There are a lot of challenges that hinder small businesses from successfully growing big.

The following tips will help you overcome those challenges and scale your one-man business.

MANAGING THE TEAM

How To Conduct Employee Performance Evaluation

You have come to the right place if you are looking for a simple way to evaluate the performance of your employees.

Evaluating how well or not your employees are performing is a critical task that goes undone by many business owners because of the sheer effort it takes to do so.

In the mind of an average business owner, there are a million other things to do instead of performing employee evaluation exercises.

However, spending so much on hiring and training employees for your small businesses without a way to evaluate if you are getting any returns on your money is not a good idea.

That is why having a simple way to get a job is so critical.

SME TV

BUSINESS SESSION

SME Webinar

Are you ready to seize the funding opportunities provided by the Tinubu administration? Discover special business-support programmes designed to help you thrive.

Join our upcoming webinar to learn about these game-changing initiatives and how you can benefit.

Get expert guidance on accessing these programmes and propelling your business forward.

Don't miss out on this transformative event!

Secure your spot on Zoom for Thursday, March 28, 2024, at 10:00 AM.

Register now!!!

BOOKS

The Small Business Handbook

This action-packed guide condenses renowned entrepreneur Ted Iwere's proven strategies into a clear, step-by-step plan, guiding you from startup to scale-up.

Unlock your business's hidden potential and watch your profits soar with:

• Powerful marketing and sales techniques to generate explosive revenue growth.

• Efficiency-boosting strategies to maximise your profits.

• Actionable insights to build a rock-solid foundation for lasting success.

Don't waste another minute stuck in neutral. Get The Small Business Handbook today and ignite your journey to explosive business growth!